When you hear advertisements claiming to "fix" your credit, you should consider changing the station. There is no quick "credit fix." The best that you or anyone else can do is identify and corre... |
Other than winning the lottery, it is impossible to obtain financial freedom without a financial budget. Developing and living by a budget allows you to track your income as well as your expenses.... |
The housing market is experiencing serious problems. With resets of Adjustable Rate Mortgages (ARM), hundreds of thousands of Americans are losing their homes. What can you do? Too often, homeo... |
Our Banking courses are designed to educate consumers on all aspects of banking. It includes basic topics on choosing a bank, learning the differences between banks and credit unions, properly ... |
The Budgeting courses not only show you step by step how to establish and maintain a budget, they also educate you on how to make the purchases you need without busting your budget wide open. I... |
Wealth creation is not limited to making more and more money. It also focuses on some of the schemes and scams currently flooding the internet, mailboxes and phone lines worldwide. Accordingly... |
The Securities and Exchange Commission was not seeking a blanket exemption from public information laws, when it asked Congress to include a little known provision in the Wall Street reform law, the agency said in a letter to lawmakers Friday.
As many Americans seek ways to save, people who lived through the Depression tell stories of life without luxuries.
AP - Brothers Charles and Sam Wyly, born a year apart during the Great Depression, almost always have been joined at the hip.
Setting Goals and Objectives
Often, it is easier to achieve our desires if we differentiate between short term and long term. Goals are quantifiable, meaning they are measured in general terms (e.g., I want to make sure that all of my family’s needs are met. Objectives are quantifiable, meaning they can be measured by a specific number or amount (e.g., I want to have $250,000 in my IRA when I retire at age 62).
Prepare Your Own BudgetIn order to complete this section, you will prepare two budgets. Use the first budget to assess how you spend your money right now. Enter the income and expenses that accurately reflect how you spend your current status. Are there any areas where you spend money unnecessarily? Can you save money by cutting down on the amount you spend eating out? It costs about $10 to eat lunch everyday. That’s a whopping $200 per month! And, how necessary is it to have 100 premium cable or satellite TV channels?
Study this assessment budget for areas to cut and SLASH, SLASH, SLASH!
The second budget is your baseline budget. After you enter your income, enter your new budget which reflects your new expenses. You might be pleasantly surprised to see that you have more income than you thought. Now the hard part begins. It may hurt now but the benefits will far outweigh the pain once you accomplish your goals. Work hard to stick to your budget every month. If you fall off the wagon, don’t throw in the towel. Get back up and continue forward.